I know it will take (A LOT OF) time ! I was just illustrating the logical consequences of any theoretical model that postulates:
- S-curve technology adoption in the "near" future
- good drives out bad (meaning: finite market share is not possible, it has to be 100%)
as has been put forward a few times to say 'with certainty' that bitcoin will "go to the moon" soon (in a few years).
Then you get plots of technology adoption of internet, mobile phones, TV and so on to illustrate the S-type adoption.
The only point is: if it is now clear that S-curve adoption in the near future to 100% is not a very viable model, and if it is, that it would be catastrophic given the still very high mining rewards, then what IS a viable model ?
Because how does something like a speculative asset do for, say, more than 20 years without "breakthrough" ? How does confidence and trust behave if after 20 years, it is still a small thing ?
I'm trying to explore critically what are the possibilities of bitcoin. I just showed the peculiarities of the model "to the moon soon", which make it hard to believe.
Could it go stepwise ? Every few years, a new conquest of a small niche market ? To keep it slowly growing ? To keep the flame burning ? It started out in the black market. It is taking on a few "geek" niches.
However, how long can this slow stepwise conquest without "the big S-curve hit" last ?
S-curve adoption does not imply instant 100% market penetration. Your 3 million$ coin scenario is only an hyperbole to support your stance